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Overview / Commentary
719-336-4387
311 S. 5th St.
Lamar, CO 81052

Lamar Civic Credit Union is headquartered in Lamar and is the 76th largest credit union in the state of Colorado. It is also the 5,186th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 3 employees and 1,109 members. Lamar Civic Credit Union's savings rates are 2X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or go to school in Prowers County, Colorado. - See Details

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Lamar Civic Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Lamar Civic Credit Union had $7,000 in non-current loans and owned real-estate with $495,000 in equity and loan loss allowances on hand to cover it. This gives Lamar Civic Credit Union a Texas Ratio of 1.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Lamar Civic Credit Union experienced no significant changes from 0.85% as of March 31, 2013 to 1.41% as of March 31, 2014, resulting in a negative change of 66.16%. This indicates that the balance sheet and financial strength for Lamar Civic Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Lamar Civic Credit Union has decreased its total deposits by $-383,000, resulting in -7.21% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Lamar Civic Credit Union has shown is below average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Lamar Civic Credit Union has $5.35 million in assets with $495,000 in equity, resulting in a capitalization level of 9.25%, which is average.

Institution Statistics

Overall
NCUA #10246
Year Chartered1955
Employees3
Primary Regulator
Assets and Liabilities
Assets$5.35 million
Loans$2.78 million
Deposits$4.93 million
Equity Capital$406,000
Loan Loss Allowance$89,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Historic Data - March 2013
Assets$5.70 million
Equity Capital$351,000
Loan Loss Allowance$119,000
Unbacked Noncurrent Loans$7,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.16%
Return on Assets1.12%
Return on Equity14.78%
Interest Income$64,000
Rates
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Lamar Civic Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.10%--Christmas Club Account
0.75%--Vacation Club Account
0.15%--Regular Share Account

Lamar Civic Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.35%--12 Month CD
0.25%--6 Month CD

Lamar Civic Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Savings
Locations


Lamar Civic Credit Union Locations
Branch Office311 S 5th StLamar, CO 81052-2711